Analytics, Business, Employment, Financial Services, Lithuania, Markets and Companies

As in the previous years, the main activity of most (31%) enterprises was trade (wholesale and retail trade, repair of motor vehicles and motorcycles); 19% of enterprises provided business services (real estate activities, professional, scientific and technical activities, administrative and support service activities), 16% – social services (education, human health and social work activities, arts, entertainment and recreation, repair of computers and personal and household goods, other personal service activities), 12% were engaged in construction, 9% – manufacturing, mining and quarrying, 6% – transportation and storage.

In 2013, the turnover of enterprises amounted to EUR 73 billion, or by 5.7% more than in 2012. In 2013, the turnover increased in all activities, except for electricity, gas, steam and air conditioning supply. The largest increase in turnover was observed in forestry and logging, fishing and aquaculture (21%), social services (13%), construction (13%), and accommodation and food service activities (13%).

In 2013, the value added at factor cost generated by enterprises amounted to EUR 13 billion, i.e. by 4% more than in 2012. The largest value added at factor cost was created in trade (EUR 3.1 billion) and manufacturing, mining and quarrying (EUR 3 billion). Against 2012, the value added at factor cost generated by enterprises engaged in trade increased by 1%. In manufacturing, mining and quarrying, the value added at factor cost, compared with the previous period, remained unchanged.

In 2013, personnel costs amounted to EUR 7.4 billion and, compared to 2012, increased by 11%. Personnel costs per employee also increased (by 7%). In 2013, personnel costs increased in all activities. The largest increase in personnel costs per employee was observed in accommodation and food service (by 15%).

In 2013, the sales income of the country's companies amounted to EUR 70.6 billion. Compared to the previous year, their sales income increased by 6%. The largest increase in income – by EUR 2.1 billion – was observed in trade. Sales income in each manufacturing and transportation and storage increased by EUR 0.5 billion.

In 2013, the net profit of companies decreased by 3% and totalled EUR 2.1 billion. The largest profit was earned by enterprises engaged in trade – EUR 0.6 billion, professional, scientific and technical activities – EUR 0.4 billion, manufacturing – EUR 0.3 billion. Arts, entertainment and recreation enterprises remained loss-making (with the loss of EUR 0.07 billion).

In 2013, profit from other activities decreased by 12%. This was influenced by a 2% increase in income from other activities, which amounted to EUR 0.8 billion, and a 17% increase in other activity costs, which amounted to EUR 0.5 billion. Profit from financing and investment activity also decreased (to just EUR 0.2 billon).